Blog By fatema | 24-03-18
8 Luxurious Vanity Vans Of Bollywood Celebs
Starting a business doesn't come easy to everyone but to Payal it was always destined. So when she started ClassPass in 2013, everyone knew it would be a hit. But little of that sort happened. The first version of the startup, Classtivity, flopped terribly and wide spread doubts were raised on her business model.
In 1970, Payal's family shifted base to America and that is what she grew up to know as home. While studying at MIT, her passion in dance led to the formation of a dance troupe...something which is active even today. Later she went onto work with other companies like Bain in New York, Warner Music Group etc. During her stint with WMG is when Classitivity was born. Infact the Vice Chairman of Warner Music Group, Michael Fleisher, was her first investor. But Classitivity failed terribly!
After few months of lack luster performance, she introduced an slight iteration in Classitivity, renamed it ClassPass and came up with the cheapest possible option for gym goers. Her start up offered classes for as low as $99 and it was a revelation for residents of New York. Today, ClassPass has branches in over 39 countries and is worth more than Rs 2600 crores.
Payal herself is worth Rs.350 Crores and has been named by Forbes in the list of Emerging Women Entrepreneurs. We are not surprised!
Check it out here: https://classpass.com/